Discuss the characteristics and importance of factors of production

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asked Apr 11, 2022 50.7k views

1 Answer

Pourjour · Answer 1 · 2022-04-17T14:35:58+0000

Step-by-step explanation:

The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship.

Discuss the characteristics and importance of factors of production

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Discuss the characteristics and importance of factors of production